Business
Posted: 3 hours ago

Basisbank Named Georgia’s Leading Partner Bank at ADB Annual Awards

At the 12th annual Trade and Supply Chain Finance Program (TSCFP) Awards organized by the Asian Development Bank (ADB), Basisbank was awarded as the "Leading Partner Bank in Georgia".

This award recognizes ADB’s active and successful collaboration with its partner bank in Georgia under the Trade and Supply Chain Finance Program. The evaluation criteria were based on the number and volume of transactions executed by the bank within ADB's TSCFP framework.

Receiving the "Leading Partner Bank in Georgia" award highlights Basisbank's strong market standing in facilitating international trade, its high credibility among international financial institutions, and its significant contribution to the country’s economic development.

“Basisbank's recognition as Leading Partner Bank in Georgia reflects the strength and consistency of our collaboration under the Trade and Supply Chain Finance Program. Basisbank has been an active and reliable partner in extending trade finance to businesses across Georgia, helping close market gaps and connect local companies to international supply chains. We congratulate Basisbank on this achievement and look forward to continuing to grow our partnership in support of sustainable trade growth in the years ahead.” - Steven Beck, Head of Trade and Supply Chain Finance Program, Asian Development Bank

“It is a great honor to receive the ‘Leading Partner Bank in Georgia’ award from the Asian Development Bank. This recognition reflects the tangible progress we have made in delivering Basisbank’s strategy to expand its trade finance capabilities and strengthen support for clients engaged in cross-border trade. Our long-standing partnership with ADB enables us to provide Georgian businesses with internationally aligned financial instruments, facilitate their access to global supply chains and new markets, and support more efficient cross-border transactions. We are grateful to ADB for this productive partnership and remain committed to further expanding our capacity to serve our clients and contribute to Georgia’s economic growth.” - David Tsaava, General Director of Basisbank.

The ADB’s Trade and Supply Chain Finance Program annually honors partner banks that deliver excellence in trade and supply chain finance and contribute to the development of sustainable economic progress across the region and globally.

About Basisbank Group

In April 2026, Basisbank acquired a 95.99% stake in Liberty Bank. Basisbank Group is the third-largest systemic financial institution in Georgia, holding an 11% market share. The Group serves over 2 million individuals and more than 65,000 corporate and SME clients. It boasts the largest network nationwide, operating around 500 service centers and nearly 700 ATMs across all regions and municipalities of Georgia.

According to data from the first 7 months of 2026, Basisbank Group's total assets stand at GEL 12.1 billion, with a total loan portfolio of GEL 7.9 billion and a deposit portfolio of GEL 9.1 billion. The Group's net profit for the first 7 months of 2026 reached GEL 128 million. 

About TSCFP

Backed by ADB's AAA credit rating, TSCFP delivers guarantees and loans through more than 200 partner banks to support trade and create import and export opportunities for businesses. The program is a key partner in helping diversify trade both internationally and intra-regionally within Asia and the Pacific. Since 2009, it has supported over $74 billion in trade, focusing on sectors that promote sustainable growth and regional integration.

About ADB

ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—49 from the region.